Sapphire Ventures led a $159 Series F funding round in JumpCloud, a developer of a directory-as-a-service platform. Other investors include Owl Rock, Whale Rock Capital, Sands Capital, Endeavor Catalyst, General Atlantic, BlackRock and H.I.G. Capital. “Large enterprises have put in place various directory and security solutions to solve these problems, but with large investments in tech outlays and IT support teams. SMBs and mid-sized enterprises don’t have the big budgets or large staff to replicate the large enterprise model. Developing for this market is a huge challenge because it requires building a product with all of the features large enterprises require, plus it has to be easy to use, easy to deploy and not terribly expensive," Rajat Bhargava, JumpCloud CEO.